Nevada Gold Corp. (fka NVGC)

[roger wilco]

The L2's are looking considerably thinner than than normal. We just might have a breakout on our hands.

Nevada Gold Corp has acquired an option to earn a 75 percent interest in a former producing high grade silver, lead and gold mine located in Northern Nevada. This property known as the Diamond Jim Mine in Elko County consists of 35 claims and is located in northeastern Nevada, 20 miles (32 km) south of the Idaho border, 69 miles (111 km) north of the city of Elko and 260 miles (418 km) northeast of the city of Reno. The property lies on the easterly end of the northeast-trending Midas trend, one of Nevada’s several important epithermal gold belts. The Midas trend hosts a number of significant to world-class gold districts such as Midas-Ken Snyder Mine and the Jerritt Canyon Mine (recently produced its 8 millionth ounce of gold). The mines produce mainly from epithermal vein systems favourable for small but profitable high-grade operations and “Carlin-type” sediment-hosted deposits amenable to large-scale open-pit bulk mining.